(1) The person exercising the option to pay tax under section 10shall comply with the following conditions, namely:-
(a) he is neither a casual taxable person
nor a non-resident taxable
person; (b) the goods held in stock by him on the appointed day
have not been
purchased in the course of inter-State trade or commerce or imported from a
place outside India or received from his branch situated outside the State or
from his
agent
or principal outside the State, where the option is exercised
under sub-rule (1) of rule 3;(c) the goods held in stock by him have not been purchased from an unregistered supplier and where purchased, he pays the tax under sub-section (4) of section 9;
(d) he shall pay tax under sub-section (3) or sub-section (4) of section 9 on inward supply of goods or services or both;
(e) he was not engaged in the manufacture of goods as notified under clause (e) of sub-section (2) of section 10, during the preceding financial year;
(f) he shall mention the words 'composition taxable person, not eligible to collect tax on supplies' at the top of the bill of supply issued by him; and
(g) he shall mention the words 'composition taxable person' on every notice or signboard displayed at a prominent place at his principal place of business and at every additional place or places of business.
(2) The registered person paying tax under section 10 may not file a fresh intimation every year and he may continue to pay tax under the said section subject to the provisions of the Act and these rules.